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Barchart
Barchart
Sristi Suman Jayaswal

This Flying Car Stock Just Got a $250 Million Boost. Should You Buy Shares Now?

Eve Donald Trump Embraer

Once confined to science fiction, flying cars are steadily approaching commercial reality. Urban air mobility (UAM) is gaining serious altitude, with countries like the United States and Saudi Arabia actively building launchpads for electric vertical takeoff and landing (eVTOL) aircraft. Industry players like Archer Aviation (ACHR) are already capturing investor attention, and President Donald Trump just reignited momentum with executive orders aimed at unlocking America’s airborne future. This signals that the next stage of flight may arrive sooner than expected.

Meanwhile, Eve Holding (EVEX) — a spinoff from aerospace giant Embraer S.A. (ERJ) — just signed a $250 million deal with Brazil’s Revo to sell 50 eVTOL vehicles. These air taxis are designed to shuttle passengers to and from airports, cutting traffic out of the equation, with first deliveries expected in the fourth quarter of 2027. 

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